TVB top executives arrested for alleged corruption

We’ve seen it often enough in TVB’s dramas where the lives of professionals working against corruption and fraud in Hong Kong’s ICAC (Independent Commission Against Corruption) are dramatized. The irony is that TVB’s General Manager, Stephen Chan Chi-Wan, has been asked to “drink coffee” with the ICAC for alleged corruption for some cool HK$10 million. Four other top executives were also arrested for questioning.

The investigation is going on whether a shell company that Stephan Chan controlled has pocketed significant money from outsourcing production contracts to other production companies from TVB. It was also speculated that many of TVB’s artistes were forced to perform for very low costs while the shell company pocketed the difference.